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Change - Announcement Of Resignation Of Chief Operating Officer And Chief Financial Officer

BackJan 15, 2016
Announcement Title Change - Announcement of Cessation
Announcement Subtitle Resignation of Chief Operating Officer and Chief Financial Officer
Securities CAMBRIDGE INDUSTRIAL TRUST (CAMBRIDG)
Date & Time of Broadcast Jan 15, 2016 19:52
Submitted By Philip Levinson
CEO & Executive Director
Effective date and time Jan 15, 2016 19:50
Description Please see attached announcement.
Cessation Details
Name of person David Graham Mason
Age 50
Is effective date of cessation known? Yes
Effective date for cessation Jan 16, 2016
Detailed reason(s) for cessation Due to personal reasons, Mr Mason has resigned from his position in the Company. While he will relinquish his position as Chief Operating Officer and Chief Financial Officer on 16 January 2016, he will remain as advisor in the Company to facilitate a smooth transition until April 2016 or earlier.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? No
Any other relevant information to be provided to shareholders of the listed issuer? No
Date of appointment to current position Apr 22, 2013
Does the AC have a minimum of 3 members (taking into account this cessation)? Yes
Number of independent directors currently resident in Singapore (taking this account this cessation) 3
Number of cessations of appointments specified in Listing Rule 704(7) or Catalist Rule 704(6) over the past 12 months 1
Job Title Chief Operating Officer and Chief Financial Officer
Role and responsibilities Mr Mason, as the Chief Operating Officer, was responsible for managing and monitoring the daily operations of the Manager and the Trust. As the Chief Financial Officer, he was responsible for the financial performance and oversees all finance and capital management functions of the Manager and the Trust.
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidaries Nil
Shareholdings interest in the listed issuer and its subsidaries? Yes
Shareholding Details 339,286 CIT units
Other directorships
Past (for the last 5 years) Nil
Present - Asia Pacific Real Estate Association (Non- Executive Director)
- Asia Pacific Real Estate Association (APREA) Hong Kong Limited (Non-Executive Director)

Attachments

  1. Attachment 1 (Size: 92,767 bytes)